AVI’s higher-end clothes sales return to pre-pandemic levels
Group’s overall operating profit was only 1.7% higher than last year due to I&J’s earnings fall
26 January 2023 - 16:00
AVI, the owner of Spitz shoes, Romany Cream biscuits, and I&J Fish, says consumers are struggling with affordability and it cannot always pass on price increases.
However, it saw volume growth in fashion brands, which include Green Cross, Spitz, and Gant, and aimed at higher-end consumers who perhaps have the resilience to the current economic challenges...
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